Why is Bajaj Hindusthan falling/rising?

As of 23-Jul, Bajaj Hindusthan Sugar Ltd is experiencing a decline in its stock price, currently at 25.86, which reflects a decrease of 0.14 or 0.54%. The stock's performance today is in line with the sector, although it is trading lower than its 5-day, 20-day, and 200-day moving averages, despite being higher than the 50-day and 100-day averages. The stock has shown a significant decline over the past year, with a return of -33.95%, while also underperforming the market, which has generated returns of 1.79% in the same period. However, there are positive indicators such as a 140% growth in PAT for the quarter and a strong operating profit to interest ratio, suggesting some underlying strength despite the recent price drop.
In the broader market context, while Bajaj Hindusthan has seen a 1-month return of +11.95%, its year-to-date performance remains concerning at -14.85%. The stock's liquidity appears adequate, with a notable increase in delivery volume, indicating rising investor participation. However, the company faces challenges such as a high debt to EBITDA ratio and a negative return on equity, which contribute to its weak long-term fundamental strength. Additionally, the fact that 100% of promoter shares are pledged adds downward pressure on the stock, particularly in a falling market. Overall, these factors suggest that while there are some positive developments, the stock's recent movement is primarily influenced by its long-term challenges and underperformance relative to the market.